Freecharge

We should be allowed to charge for UPI: Worldline India's Ramesh Narasimhan

In a Q&A, the company's CEO dwells on the huge opportunity the payments business provides in India and why there is a sudden rush to acquire an aggregator licence

Merchant payment via wallets on UPI to attract 1.1% interchange from Apr 1

As NPCI seeks to integrate digital wallets on the UPI platform is expected to be positive for Paytm, which has a 60 per cent share in wallets

Govt norms ensure no one makes money in payments space: Axis Bank head

Private sector lender Axis Bank on Wednesday said government mandates on the payments space ensure that no one can make money in the segment. The bank's chief executive and managing director Amitabh Chaudhry feared that smaller entities will not be able to survive amid such diktats. The comments from Axis Bank, which also runs the payments company Freecharge, come amid a debate on whether merchant discount rate (MDR) should be levied on the very popular UPI platform. The government, which wants to popularise digital payments, has been insisting that no charges should be levied. "What the government is doing is that they're taking out the entire P&L (profit and loss) opportunity for us. So if you look at the payments space, no one can make any money in the country at all. You have to use payments as a platform to make money somewhere else," Chaudhry said at the Global Fintech Fest here. The worry is that more and more of such demands will emerge, which will take away revenue and ...

Meet the philosophy grad who has been dabbling in business since age 16

From running side businesses to support his family to now running a billion-dollar business, CRED founder Kunal Shah has come a long way

$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn

Existing investor, billionaire Yuri Milner's fund DST Global leads round, along with Sequoia Capital, Tiger Global, and others. Existing and past employees liquidate ESOPs worth Rs 9 cr

Kunal Shah's CRED aims for revenue through new product launches

Company backed by Sequoia Capital helps credit card users earn rewards for paying their bills

MobiKwik-Freecharge deal to herald new era for wallets

Once India's second largest wallet firm, Freecharge is valued at 10% of what Snapdeal paid for it

FreeCharge, MobiKwik in merger talks

New entity is likely to get a top-up of $200 million from a Chinese investor

Freecharge elevates Snapdeal veteran Ankit Khanna as COO

Just two days after taking over as the CEO of digital payments firm Freecharge, Jason Kothari has elevated Ankit Khanna to the position of Chief Operating Officer, as he looks to turnaround the failing fortunes of a company that has failed to keep pace with rival Paytm.Khanna, a Snapdeal veteran who joined the e-commerce company back in 2010 served as the Chief Product Officer of Freecharge prior to being promoted. The top management rejig at Freecharge comes after Govind Rajan quit the company from the position of CEO in February."We are proud to announce Ankit's elevation as the COO of FreeCharge," said Kothari. "He (Khanna) has also helped build highly complex and scalable products encompassing various aspects of e-commerce and digital payments ecosystem and helped build a frictionless user experience."Apart from serving as COO, Khanna will also handle the portfolio of Product, User Growth, User Experience and Business Development at Freecharge.Freecharge is currently seen as ...

Amid job cuts, Freecharge CEO quits as Snapdeal struggles with funding

Snapdeal has been struggling to raise fresh funds to sustain the business in the long run

Freecharge CEO quits amidst reports of Snapdeal seeing fundraising troubles

Govind Rajan has resigned within a year of taking charge at the Snapdeal subsidiary: Tech in Asia

FreeCharge announces Mutual Funds in partnership with Reliance

To invest through FreeCharge, all a KYC compliant customer needs to do is enter his PAN number

FreeCharge to take 5-10 years to turn profitable

FreeCharge claims to be the fastest growing in the segment over the past 12 months

FreeCharge posts Rs 235 cr loss in FY16; paltry revenues erode net worth

While losses fell 12.7% in the present FY compared to previous year, revenue growth stood at 2.9%

FreeCharge witness fuel transactions enough for 200 trips across the globe

FreeCharge is aiming to double the count by end of the month and cover all the 53,000 petrol pumps

FreeCharge, Faasos tie up for e-wallet payment solution

Faasos serves over 15,000 daily customers across 130+ locations

FreeCharge, eBay join hands; 100 million products can be accessed

Users can avail 25% cashback offer on selecting FreeCharge as the payment mode

FreeCharge launches e-wallet protection plan

Underlying wallet balance of all customers will be insured up to a limit of Rs 20,000

FreeCharge adds another 15,000 merchants to its portfolio through Paynear

Paynear provides mPOS solution to small-scale merchants - grocery shops, pharmacy etc

In Mumbai, use FreeCharge to pay your traffic challan

Mumbai traffic police said that it expects an annual increase of eight lakh challans, from the existing 22 lakhs